From CEO Satya Nadella: "This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations. The Microsoft Cloud is seeing significant customer momentum and we’re well positioned to reach new opportunities in the year ahead."

With the company conceding last Friday it would not meet its own self imposed deadline to have Windows 10 running on 1B active devices, today's report further highlights Microsoft's transition from traditional software sales models to an increasing focus on cloud platforms and services.

Microsoft (MSFT+0.8%) launches Stream, a video product geared for internal business and commercial purposes. It is being reported as having a feel similar to consumer video offerings such as YouTube and Vimeo with like, comment and recommendation features although with added security necessary for enterprise use.

Cases are being cited for internal organization communication use as well as training purposes.

Corporate VP of Business Intelligence Products Group James Phillips tells TechCrunch the service may support speech-to-text, advanced translations, face recognition and live streaming at some point in the future.

Enterprises will have the ability to flexibly and securely manage video rights and access.

A Microsoft Stream API will also be available, allowing developers to build out new uses for the platform.

A federal appeals court has overturned a 2014 order requiring Microsoft (MSFT+0.5%) to hand over materials stored on servers in Dublin.

The ruling shields U.S.-based companies from warrants ordering requests for data stored outside of its borders.

Microsoft is one of the first companies in the U.S. to dispute demands to turn over information stored abroad with briefs filed in support by multiple peers ranging from Apple and Cisco to Gannett and Verizon.

Nomura cites moderate PC shipment decline, high adoption rates of its latest operating system, a focus on Office, commercial and cloud solutions and lower than expected operating expenses as factors in its calculations.

General Electric (GE+0.6%) and Microsoft (MSFT+0.6%) have announced a partnership that will make GE's Predix platform for the Industrial Internet available on the Microsoft Azure cloud for industrial businesses.

The move isn't entirely new for GE (Predix was already available on Amazon and Oracle's clouds), but it's an important step for Microsoft, which wants to establish itself as the favored partner for big business.